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15 Aug 2016

AXIS Accident & Health Appoints Dubai-Based Reinsurance Business Development Manager

AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE:AXS) today announced that Christian Romieh has joined AXIS Accident & Health, a leading provider of accident, specialty health and travel-related insurance and reinsurance, as Vice President and Business Development Manager"...

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15 Aug 2016

Boehringer Ingelheim launches RE-VECTO global program to capture data on Praxbind® usage in clinical practice

  • Praxbind® (idarucizumab) is the specific reversal agent for the oral anticoagulant Pradaxa® (dabigatran)1,2
  • Praxbind® is already available in over 5,000 hospitals worldwide and is approved in over 35 countries3
  • RE-VECTO will provide insights into the diverse types of situations in which reversal of an anticoagulant is performed...

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15 Aug 2016

Banks continue to curtail US dollar use overseas

Banks operating in the Egyptian market have taken more steps to curtail the use of US dollars abroad, in an attempt to decrease the foreign currency demand, given the shortage Egypt has been undergoing lately.


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15 Aug 2016

Egypt considers wheat storage program as Algeria waits in Wings

Egypt, the world’s largest wheat importer, is being asked to consider a wheat storage program offered by a U.S. company before Algeria gets a chance to grab the $250 million investment.


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15 Aug 2016

Egypt reconsiders grain mega project amid scandal investigation

Blumberg Grain said its mega project to store Egyptian grains was back in play, with the government to announce a final decision in two weeks, after earlier indications that plans had been shelved and the company might exit the country entirely.

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15 Aug 2016

Uber increases investment in Egypt, MENA

In a press release, Uber announced its intention to increase its investments in Egypt by EGP 500m, as its success to date in Cairo surpasses any other city in the Middle East with a record 30,000 drivers.


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15 Aug 2016

Metropolitan Egypt negotiates with Egyptian Gulf Bank, Banque Misr to provide financing for Enmaa projects

Metropolitan Consulting Egypt is negotiating with the Egyptian Gulf Bank and Banque Misr to finance Enmaa for Development & Real Estate Investment to implement a number of projects, according to company head Khaled Nagaty.


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15 Aug 2016

Egypt’s Red Sea gem: Sharm El-Sheikh grappling with tourism decline

The number of tourists visiting Egypt declined significantly following the crash of the Russian aeroplane in Sinai in late October 2015, which had a heavy negative impact on the Red Sea resort city of Sharm El-Sheikh.

The city, once the country’s tourism gem on Sinai’s"...

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15 Aug 2016

Sisi: Egypt Will Not Hesitate On Tough Reforms

After negotiating a $12 billion dollar loan with the International Monetary Fund (IMF), Egyptian President Abdel Fattah al-Sisi declared that he will not hesitate to muscle through tough reforms of which the loan is predicated.


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15 Aug 2016

Egypt carries out $7.4b eight petchem projects

Egyptian petroleum sector owns eight largest petrochemicals projects with investments worth $7.4 billion and total capacities estimated at 4.5 million tons per year.


Oil Minister Tarek El-Molla said Saturday that those projects include the petrochemicals complex of Egyptian Ethylene and Derivatives Company (Ethydco)"......

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